IRS Announces 2013 Private Activity Bond and Housing Credit Amounts

On October 17, the IRS announced that the states’ Low Income Housing Tax Credit (Housing Credit) authority and private activity bond volume cap will receive inflation adjustments in 2013.  Each state’s 2013 Housing Credit authority will be the greater of $2.25 per capita and $2,590,000, up from $2.20 per capita and $2,525,000 in 2012.  Each state’s 2013 private activity bond cap will be the greater of $95 per capita and $291,875,000, an increase from the 2012 minimum of $284,560,000 and no change in the per capita amount of $95.